Sininfinity

I dislike keywords like ultimate or maximal or maximum. They sound good on pen and paper but in reality it does not bring much fruit. When trading trade for profit and what market offers you. And not what you want from the market.

Well that warning is required by the regulators and should be put in there because it is a risky business and people should not take it lightly.

Money flow index is an indicator and not some money management method. Please take some time to look at your platform or read about it. May find it useful.

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If I may ask why don't you use a trade explorer? That calculates many things from your trading history.

Well experienced traders practice their new found methods on demo before they apply them on real trading. They don't waste money on something experimental and takes enough time to build their techniques.

Well leverage is a double edged sword. Those who had gone through a forex school should know this and should never try to abuse the leverage.

A newbie should focus on learning. Trade on a demo and see how things go out. Make mistakes and learn from them. Develop a method which will bring you positive pips to your account.

Well said. A good system is one which bring positive pips to the account and not just some indicator. A good system is created by the person who is trading and it may consist indicator or not. Depends on the trader.

Hmm. How do you deal with the huge spreads and then make profit? The pair you mentioned has huge spreads and most of the time it is more than my profit target. lol

From my personal experience it is difficult to find that good setups. 1:2 is really a good return but I myself can not find it often and there are times when I don't see 1:1.5 risk reward setups.

Can you name a business which is not risky? There is none. There are people who are not made for risky ventures so it is ok if you do not enter in to the business. Don't let anyone force you. Just make your own decisions.

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I have said this many times before. Never try to aim for maximum gain and go for optimal gain. In the long run you will find yourself more profitable if you go for optimal gain.

In my opinion one of the main reasons for not able to make profit is lack of a good trading plan. Forex broker is also a factor but first one needs a way to bring positive pips to the account.

Don't be afraid to make mistakes. They will teach you valuable things which no other resource can teach you. Be a simple trader and don't try to be the perfect trader.

Well education is a necessary thing. It will give you a ground on the forex market. And skills will develop after you have gained some knowledge. So education and skill are not competitors but each comes after one another.

The chart does not show fibonacci calculator. And those indicators you mentioned, they are either already built in the meta trader platform or can be found online where samples are greater then one's trading platform.

I liked this part and also believe it. As long as you have capital you will survive to trade the next day. The moment you lose your capital you are out of the market.